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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Mangal Credit and Fincorp Ltd

Mangal Credit and Fincorp Ltd Allots INR 20 Crore in NCD Private Placement

FUNDRAISE ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 23 Jun 2026, 12:07 PM IST  ·  BSE ID: e692b54d-c01a-4511-a857-c6dcd5728ee6
View Original BSE Filing (PDF)
💡
In Simple Terms
The company has issued INR 20 Crore of new debt instruments to investors on a private basis.
🤖 AI Summary
  • Mangal Credit and Fincorp allotted 2,000 NCDs worth INR 20,00,00,000 via private placement.
  • The secured, listed, rated NCDs carry a face value of INR 1,00,000 each.
  • The debentures mature on September 23, 2028, with a 27-month tenor.
  • Interest is 11.75% p.a. payable monthly, secured by a charge on identified receivables.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Amount of Issue
INR 20,00,00,000
Number of NCDs Allotted
2,000
Face Value per NCD
INR 1,00,000
Coupon/Interest Rate
11.75% p.a.
Tenure of NCDs
27 months
Date of Allotment
June 23, 2026
Date of Maturity
September 23, 2028
🏢 How This Affects the Company
💰
Financial Impact
This private placement of non-convertible debentures raises INR 20,00,00,000 for the company, bolstering its funding sources. The issuance adds to the company's debt obligations.
⚠️
Risk Impact
The issuance of secured NCDs creates a specific charge on identified receivables, potentially impacting their availability for other purposes.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this NCD allotment.
👤
Who Is Affected
This allotment primarily affects debenture holders who have subscribed to these NCDs. Shareholders' equity is not directly impacted by this debt issuance.
🔍
Management Signal
Management is actively utilising private placement of debt instruments to raise capital.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Company's next financial results to assess impact of new debt.
Future disclosures on receivable performance related to security.
Any further fund-raising announcements or utilisation reports.
MEDIUM RISK Issuance of secured debt increases financial leverage and creates payment obligations.
💡 Investor Takeaway
Mangal Credit and Fincorp Ltd has successfully placed 2,000 secured NCDs aggregating INR 20,00,00,000 with a 11.75% coupon maturing in September 2028.
⚖️ Strengths & Concerns

✅ Positives

  • Secured fundraising via NCD issuance provides INR 20,00,00,000 in capital for operations.
  • NCDs offer a fixed coupon of 11.75% p.a., a stated return for debenture holders.

⚠️ Concerns

  • The company has taken on INR 20,00,00,000 in debt with a fixed maturity date.
  • Debenture interest payments are scheduled monthly, requiring consistent cash flow management.
📅 Company Track Record
Mangal Credit and Fincorp had previously approved plans to issue up to 25,00,000 convertible warrants.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total value of Non-Convertible Debentures (NCDs) allotted by Mangal Credit and Fincorp Ltd?
Mangal Credit and Fincorp Ltd has allotted NCDs aggregating to INR 20,00,00,000.
How many NCDs were allotted and what is their face value?
2,000 NCDs were allotted, each with a face value of INR 1,00,000.
What is the interest rate offered on these NCDs?
The NCDs offer a coupon of 11.75% per annum, payable monthly.
When will the NCDs issued by Mangal Credit and Fincorp mature?
The NCDs mature on September 23, 2028.
Are these NCDs secured?
Yes, these are secured NCDs, backed by a first ranking charge on identified receivables.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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